It has been well reported that Goldman Sachs have not been badly hit by the credit crunch. Whilst they sold CDO's into the market they hedged their own position in this market. This suggests they had become aware of what was likely to happen in the CDO market.

As there was so much money to be made in this market, they did not want to cause this market to crash, but they knew it eventually would. So, on the surface they participated and gained from the market but, behind the scenes, hedged their position.

It would be interesting to know when Goldman Sachs started hedging their CDO position. This would be the point when they became aware this market was likely to collapse.

Keith, Ashford,

It has been well reported that Goldman Sachs have not been badly hit by the credit crunch. Whilst they sold CDO's into the market they hedged their own position in this market. This suggests they had become aware of what was likely to happen in the CDO market.

As there was so much money to be made in this market, they did not want to cause this market to crash, but they knew it eventually would. So, on the surface they participated and gained from the market but, behind the scenes, hedged their position.

It would be interesting to know when Goldman Sachs started hedging their CDO position. This would be the point when they became aware this market was likely to collapse.

Keith, Ashford,

Obscene.

Ripsnorter, Malaga, Spain

Out of pure envy, absolutely disgusting. Though if they accept my job application, next year I'm sure to change my tune :-)

Farrukh, Woking, UK

These bonus pool totals are starting to look significant in relation to (unconnected) liquidy injections by central banks.

It seems surprising that part of these funds were not invested at least for a while in some of the troublesome SIVs or commercial paper, thus lessening the amount of the liquidity injections, but possibly postponing part of the bonus payment .

There can be a message relating to confidence when such large profit pools are fully distributed against a background of credit disruption which in the eyes of the general public might seem an unexpected coiincidence

dr venables preller, Warminster, UK

It has been well reported that Goldman Sachs have not been badly hit by the credit crunch. Whilst they sold CDO's into the market they hedged their own position in this market. This suggests they had become aware of what was likely to happen in the CDO market.

As there was so much money to be made in this market, they did not want to cause this market to crash, but they knew it eventually would. So, on the surface they participated and gained from the market but, behind the scenes, hedged their position.

It would be interesting to know when Goldman Sachs started hedging their CDO position. This would be the point when they became aware this market was likely to collapse.

Keith, Ashford,